2014-0506-Consolidation-Leo Resources Inc. (LEO)

TORONTO, ONTARIO--(Marketwired - May 20, 2014) - Leo Resources Inc. has announced its intention to consolidate its issued and outstanding share capital on the basis of five (5) current shares for 1 new share. Any fractional shares resulting from the Consolidation will be converted to whole shares.

As a result, the outstanding common shares of the company will be reduced to approximately 5,247,500.

The shares will begin trading on a consolidated basis and with a new CUSIP number on May 21, 2014. The name and symbol will not change.

Please note that all open orders will be cancelled at the end of business May 20, 2014. Dealers are reminded to re-enter their orders taking into account the share consolidation.